WeRide (NASDAQ:WRD) Now Covered by HSBC

HSBC assumed coverage on shares of WeRide (NASDAQ:WRD) in a report published on Tuesday, Marketbeat.com reports. The firm issued a buy rating and a $11.40 price target on the stock.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of WeRide in a research report on Friday. Zacks Research raised WeRide from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 23rd. Citigroup reiterated a “buy” rating on shares of WeRide in a research note on Monday, January 19th. Bank of America assumed coverage on WeRide in a report on Monday, December 1st. They issued a “buy” rating and a $12.00 target price for the company. Finally, CLSA assumed coverage on WeRide in a research note on Monday, January 5th. They issued an “outperform” rating and a $13.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, WeRide presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.48.

WeRide Trading Up 13.8%

Shares of NASDAQ:WRD opened at $8.09 on Tuesday. The stock has a fifty day simple moving average of $7.36 and a two-hundred day simple moving average of $8.72. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of -10.79 and a beta of 4.35. WeRide has a 12-month low of $6.01 and a 12-month high of $14.26.

WeRide (NASDAQ:WRD) last released its earnings results on Monday, March 23rd. The company reported ($0.24) EPS for the quarter. The company had revenue of $44.88 million during the quarter. WeRide had a negative return on equity of 24.38% and a negative net margin of 240.54%. As a group, equities research analysts predict that WeRide will post -0.68 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC bought a new position in shares of WeRide during the 1st quarter valued at approximately $27,000. JPMorgan Chase & Co. bought a new stake in WeRide during the 2nd quarter worth approximately $30,000. Leonteq Securities AG purchased a new position in WeRide during the fourth quarter valued at approximately $36,000. SBI Securities Co. Ltd. lifted its holdings in WeRide by 37.6% during the third quarter. SBI Securities Co. Ltd. now owns 4,898 shares of the company’s stock valued at $48,000 after purchasing an additional 1,339 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in shares of WeRide in the fourth quarter worth approximately $65,000.

More WeRide News

Here are the key news stories impacting WeRide this week:

• Positive Sentiment: WeRide and Uber launched fully driverless, fare‑charging robotaxi operations in Dubai (bookable via the Uber app), a major commercial milestone supporting growth in the Middle East. WeRide and Uber Launch Fully Driverless Robotaxi Fare-Charging Operations in Dubai
• Positive Sentiment: Uber has increased its stake / ramped up its partnership with WeRide as robotaxi operations expand in Dubai, signaling strategic support and potential for deeper commercial integration. Uber increases stake in WeRide as robotaxi partnership ramps up in Dubai
• Positive Sentiment: Media reports confirm Uber holds a ~5.8% passive stake in WeRide, which reduces strategic risk and underpins the partnership narrative. Uber confirms holding a 5.8% passive stake in WeRide
• Positive Sentiment: WeRide announced a 10% share buyback and expansion of its autonomous vehicle program, which supports near-term shareholder returns and signals management confidence. WeRide (WRD) Is Up 9.5% After Launching 10% Buyback And Expanding Autonomous Vehicle Program
• Positive Sentiment: HSBC initiated coverage with a Buy rating and $11.40 price target, giving an analyst-implied upside that supports investor demand. Benzinga
• Positive Sentiment: Dubai is rolling out robotaxi capacity (reports of 100 robot taxis in Jumeirah and Umm Suqeim), creating a larger market for WeRide’s deployments and scale opportunities. Dubai launches 100 robot taxis in Jumeirah and Umm Suqeim via Uber and Apollo Go
• Neutral Sentiment: Corporate governance update: WeRide reported the retirement of non‑executive director Kazuhiro Doi and an updated board composition; routine board changes are unlikely to materially shift fundamentals. WeRide Updates Board Composition Following Retirement of Non-Executive Director Doi
• Negative Sentiment: Analysts and commentators are also flagging valuation and recent volatility (coverage questioning whether recent price action and a ~48.7% slide leave the stock attractively priced), which could cap near‑term upside. Is WeRide (WRD) Pricing Make Sense After A 48.7% Share Price Slide?

WeRide Company Profile

WeRide Inc (NASDAQ: WRD) is a developer of autonomous driving technology focused on providing Level 4 (L4) self-driving solutions for passenger mobility and logistics. The company’s full-stack platform integrates sensors, computing hardware, software algorithms and vehicle controls to enable driverless taxis, shuttles and goods delivery vehicles. By combining perception, planning and controls in a turnkey system, WeRide aims to accelerate the commercialization of robotaxi services and autonomous fleet operations.

Founded in 2017 and headquartered in Guangzhou, China, WeRide maintains research and development centers in Silicon Valley and China.